Entra

M&A Activity • Dec 2, 2020

Update from the Board of Directors on valuation of the property portfolio

Update from the Board of Directors on valuation of the property portfolio

2.12.2020 08:45:01 CET | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Reference is made to the announcements made on 24 November 2020, 26 November

2020 and 27 November by Entra ASA (the "Company") regarding

Samhällsbyggnadsbolaget i Norden AB's ("SBB") intention to launch a voluntary

offer, Castellum AB's ("Castellum") intention to put forward a voluntary offer,

and SBB's launch of its voluntary offer, respectively.

In order to provide relevant information to shareholders and the market, the

Company's board of directors (the "Board") has instructed its independent

valuers Akershus Eiendom (affiliate of JLL) and Newsec to prepare an updated

valuation of the group's portfolio. Changes and events in the investment

property market since the last valuation on 31 September 2020 (prepared during

August and September) are expected to result in higher property valuation and a

significant increase in reported net asset value for the Company. The Board will

be publishing the results of these valuations once completed, together with any

other relevant information on the Company's development including progress on

the project values and pipeline.

The Board will respond to the offer launched by SBB and the intention to launch

an offer by Castellum in due course. The Board will consider and evaluate these

proposals, including any relevant amendments, in light of what is in the common

interest of the shareholders and the Company.

Shareholders are advised to refrain from taking any action in respect of their

shares in the Company which may be prejudicial to their interests, and to

exercise caution when dealing in the shares of the Company. There can be no

certainty that any offer will be made or completed.

For further information contact;

Siri Hatlen, Chair of the Board of Directors, + 47 91744863,

siri.hatlen@gmail.com

Sonja Horn, CEO, +47 90568456, sh@entra.no

Anders Olstad, CFO, +47 90022559, ao@entra.no

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

ATTACHMENTS

* Download announcement as PDF.pdf

[https://kommunikasjon.ntb.no/ir-files/16126567/199/230/Download%20announceme

nt%20as%20PDF.pdf]